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Over the last few years, financial accountability and proper management of institutions has increased exponentially.There is a high need for transparency in managing secondary school finances especially with the increased government funding in Kenya . This book, therefore, provides an assessment of the needs of sound financial management for secondary school principals. The success of any secondary school depends upon sound knowledge of accounting procedures and controlled mechanisms as well as auditing skills. The assessment should help shed some light to all education stakeholders on how to run their schools in order to achieve desired results.The knowledge attained from this book will be especially useful to university students, teachers and professionals in Education and financial fields, or anyone else who may be interested in issues pertaining to financial management.